• Markets see no BoE cut, but doves hover

    Markets see no BoE cut, but doves hover

    Soft jobs and strong services keep dollar bid. Easing ahead but not fully priced. A pause in the pressure.

  • BoE in focus: Sterling on the edge

    BoE in focus: Sterling on the edge

    USD gains in October as markets weigh Fed’s ‘two and done’ path. Sterling on shacky grounds. EUR may find its footing into year-end.

  • Eased, not eased up

    Eased, not eased up

    Fed holds the line, trade lifts. 1.16 still holding the line. Traders bet on more pound pain.

  • Still no data to hydrate conviction

    Still no data to hydrate conviction

    Why the bifurcated economy defies recession calls. Treading water at 1.16. Sterling softens, as cuts creep in.

  • Metals melt down

    Metals melt down

    Immune to noise, hungry for data. France risk meets 1.16. Soft prints, softer sterling.

  • Earnings roar past expectations

    Earnings roar past expectations

    Strong earnings and global calm ease banking jitters. Mean reversion, minus momentum. Pressure points – front to long end.